Monday, 14 August 2017

Saturday, 12 August 2017

FTSE seems now to have confirmed with this week's 3 week engulfing
reversal candle that the break above 7354 prev ATH was a False break and
we should now embark on another bear market
the 200 dma is still rising and should offer some support initially

last weeks top came on Aug 8 which is a secondary date on Gann's Emblem,being midway between Jun22 and Sep 23 (primary dates)

Sunday, 30 July 2017

here is one scenario for the FTSE,using Gann Wheel levels and a measured move projection suggests a swift move down to 7225 is possible. 7225,the square of 85, is 360 degrees on the wheel from 7569 ,the square of 87. 360 degrees from the actual high is 7254.

closing above 7440 would suggest something else is happening,whilst a stronger downmove might find support at 7141 on the with 7130 area filling the gap from April

Tuesday, 25 July 2017

Monday, 24 July 2017

well I said last week that gold needed a good week to turn the chart round and it wasnt a bad one ( a kicker candle on the weekly ?)
Still not out of the woods but I noticed the monthly candle is looking like a bullish hammer (so far)

Now we need to await confirmation that Fridays bar was an exhaustion (which,of course is by no means assured,merely a hypothesis) At the end of Feb there was an exhaustion bar followed by an inside bar and the signal would have been to short the break down below the IB low

Saturday, 15 July 2017

Voters who live in the heartland and outside the New York-D.C. media
bubbles do not care about the legacy media’s obsession with Russia.
An
Iowa radio news director emailed CNN media reporter Brian Stelter, out
of all people, on Thursday to tell him that conservatives in his state
are “very angry” at the legacy press because they think the media are
using Russia stories to “oust” and delegitimize President Donald Trump.
“They
think the Trump/Russia deal is a coup attempt by the media, and don’t
think there is anything to the Russia/ Trump, Jr. emails,” Robert
Leonard, the news director, emailed. “They don’t understand why the
media is trying to oust our duly elected president. They think there is a
double standard — why isn’t anyone investigating the Clinton
campaign/Russia connections? They are standing firm behind Trump.”
According
to a recent Harvard-Harris poll, nearly two-thirds of Americans believe
that “there exists a campaign to delegitimize” Trump.
Reporters
who have gone to working-class areas in states like Pennsylvania
(“Trump’s Supporters Aren’t Abandoning Him in This Pennsylvania Town”),
Ohio, Wisconsin, Michigan, Kentucky and even Tennessee (“In Trump
Country, Russia Scandal Doesn’t Resonate”) have all reported similar
sentiments.
CNN, though, keeps focusing on Russia even though one
of its anchors, Alisyn Camerota, said on Friday that she was actually
experiencing Russia “fatigue.”
A Media Research Center study
found, for instance, that Camerota’s CNN morning show New Day spent a
whopping 93% of its airtime on Wednesday on Trump-Russia stories.